Phoenix Investment Fraud Lawyers & FINRA Attorneys
Investment fraud lawyers serving Phoenix, Scottsdale, and Arizona
Phoenix and the greater Scottsdale area represent one of the most rapidly growing investor markets in the country. The Phoenix metropolitan area has attracted an enormous influx of retirees relocating from California, the Midwest, and the Northeast — bringing substantial accumulated retirement savings that are immediately targeted by the brokerage industry. Simultaneously, Phoenix’s growing technology and financial services sector has created a new generation of high-net-worth professionals whose equity compensation and investment assets require careful management.
The combination of a large retirement-age population and a growing affluent professional community creates the full spectrum of investment fraud exposure that Bakhtiari & Harrison prosecutes in FINRA arbitration nationwide — from variable annuity abuse and non-traded REIT fraud targeting retirees, to equity compensation mismanagement and private placement fraud targeting technology professionals. FINRA arbitration hearings for Phoenix investors are held at the designated Phoenix FINRA hearing location and administered from the Los Angeles FINRA office at 300 South Grand Avenue.
Investment fraud and misconduct claims we handle
- Unsuitable investment recommendations: brokers who recommend investments inconsistent with an investor’s risk tolerance, financial situation, or investment objectives violate FINRA Rule 2111 and Regulation Best Interest.
- Broker fraud and misrepresentation: material misstatements and omissions in connection with an investment recommendation are actionable under federal securities law and FINRA rules.
- Unauthorized trading: executing transactions without prior client authorization violates the account agreement and FINRA rules.
- Churning and excessive trading: excessive trading to generate commissions at the investor’s expense is actionable as a suitability violation.
- Overconcentration: failing to maintain adequate diversification in a single security, sector, or product is a suitability violation.
- Product failure: unsuitable recommendations of complex or illiquid products including non-traded REITs, structured notes, variable annuities, leveraged ETFs, and private placements.
- Elder financial fraud: financial professionals who exploit elderly or vulnerable investors face enhanced liability under federal and state elder financial abuse statutes.
- Failure to supervise: brokerage firms bear independent liability under FINRA Rule 3110 for failing to adequately supervise their registered representatives.
Retirement fraud patterns in Phoenix and Scottsdale
Phoenix and Scottsdale’s large retirement community creates specific fraud vulnerabilities that are among the most common in FINRA arbitration. Variable annuity recommendations to retirees who need liquidity — trapping retirement savings in 10-year surrender periods — are particularly prevalent given the Phoenix area’s demographic profile. Non-traded REIT recommendations, elder financial fraud, and unsuitable income-seeking product recommendations round out the most common claim patterns in this market.
Why choose Bakhtiari & Harrison as your Phoenix investment fraud lawyers
- $250 million+ recovered. Four decades of results for investors in FINRA arbitration and securities litigation nationwide.
- Former FINRA NAMC Chairman. Ryan Bakhtiari served as Chairman of the FINRA National Arbitration and Mediation Committee from 2013 to 2017 — the body that writes the rules governing every FINRA arbitration proceeding.
- Former Morgan Stanley in-house counsel. David Harrison spent years as in-house counsel at Morgan Stanley Dean Witter and began his career as a Series 7-licensed registered representative at Shearson Lehman Brothers.
- FINRA hearings near you. FINRA arbitration hearings are held at the regional location nearest the claimant — investors do not need to travel to California.
- Contingency fee representation. No recovery, no fee. Initial consultations are free.
Frequently asked questions — Phoenix investment fraud lawyers
Do I need a local Phoenix attorney for a FINRA arbitration claim?
Not necessarily. FINRA arbitration hearings are held at the regional location nearest the claimant — not at the attorney’s office. Bakhtiari & Harrison represents investors nationwide and appears at FINRA hearing locations throughout the country. What matters most is the attorney’s specific FINRA arbitration experience, not their physical proximity.
What is the deadline to file a FINRA arbitration claim in Arizona?
Under FINRA Rule 12206, claims must be filed within six years of the events giving rise to the dispute. Arizona investors may also have state law claims with their own limitations periods. Contact Bakhtiari & Harrison promptly — deadlines are strictly enforced.
What investment fraud is most common in Phoenix and Scottsdale?
Phoenix and Scottsdale investors face particularly high rates of variable annuity abuse targeting the area’s large retirement population, non-traded REIT fraud, and elder financial abuse. The area’s growing technology and financial services sector also generates equity compensation mismanagement and private placement fraud claims. Bakhtiari & Harrison evaluates all Phoenix area investment fraud claims at no charge.
Does Bakhtiari & Harrison represent investors throughout the Phoenix metropolitan area?
Yes. Bakhtiari & Harrison represents investors throughout Maricopa County including Phoenix, Scottsdale, Tempe, Mesa, Chandler, Gilbert, Glendale, and surrounding communities. FINRA arbitration hearings for Arizona investors are held at the designated Arizona FINRA hearing locations.
Contact our investment fraud lawyers — free consultation
Contact Bakhtiari & Harrison for a free, confidential consultation. Our FINRA attorneys evaluate every potential investor claim at no charge. Investor cases are handled on a contingency fee basis — no recovery, no fee.
Investor cases are handled on a contingency fee basis — no recovery, no fee.
Call: (800) 382-7969 | Contact Us